Vodafone Idea‘s share price was in the red on Wednesday morning ahead of the company’s September quarter earnings later today. On average, analysts expect the company’s revenue to come in at ₹11,198 crore and peg net loss at ₹6,591 crore.

What To Expect: Centrum Broking anticipates that Vodafone Idea's Q2FY25 results will show a decline of around 3.5 million subscribers quarter over quarter, though average revenue per user (ARPU) is expected to rise by around 7% to ₹156 per month, supported by recent tariff increases and user upgrades from 2G to 4G. Management's commentary on capital expenditure plans will be a critical focus.

See Also: Garden Reach Shares Slump Ahead Of Q2 Results: What Analysts Expect

Motilal Oswal projects a 5% sequential revenue increase, as tariff hike benefits are partly offset by subscriber losses. EBITDA is also expected to grow 5% quarter on quarter, with margins up by about 30 basis points to 40.3%.

ARPU is anticipated to improve by 7% to ₹156, despite an estimated 4 million subscriber decline. The brokerage expects Vodafone Idea to initiate its 4G/5G network rollout in the second half of FY25.

Nuvama is more optimistic, forecasting revenue growth of 9.6% quarter on quarter, largely driven by the tariff hike, with an expansion of EBITDA margins by 430 basis points sequentially. Key indicators to watch include Vodafone Idea's plans to enhance network capacity and reduce subscriber churn.

Price Action: Vodafone Idea’s share price was down 1.96% to trade at ₹7.52 in early trade on Wednesday.

Read Next: BSE Shares In Red Despite Strong Q2 Results; Here’s Why This Brokerage Is Still Bearish On The Company